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507 Coventry Lane

507 Coventry Lane, Mackinaw, IL 61755
House in Mackinaw
Sold Jul 30, 2020
$190,500
$180,975 by Fortress Bank
Mortgage Due Aug 01, 2050
Sold Sep 11, 2007
$170,000
$50,000 by First Farmers State Bank
Mortgage Due Oct 01, 2037
Local assessors in Mackinaw, IL have categorized 507 Coventry Lane as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 8,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 800 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 Coventry Lane has a total of 2,500 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,500 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 1,152 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 507 Coventry Lane sold most recently in Jul 28, 2020 for a total of $190,500. If you work out the math, that's approximately a cost of $46.74 per sqft. Before that, the property was also sold for $170,000 in Aug 29, 2007. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,195 in taxes each year. 507 Coventry Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $73,460. If we break it down further, the land itself was valued at $9,010. Improvements to the property, however, were assessed at a total of $64,450. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
Brick Exterior

Parking

On-Street Parking
Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 1,500
  • Garage Type: Attached
  • Garage Square Area: 1,152
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 4,076
  • Gross Building Area: 4,076
  • Building Area: 2,500
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,500
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EASTWOOD PARK SUB
  • Land Acres: 0.187
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 16 T24N R2W FINAL PLAT OF EASTWOOD PARK SUB 5 LOT 106 W 1/2 NW 1/4 CCC 134 & 135

Ownership

  • Current Owner : KAISER DEREK S
  • Current Owner 2: KAISER MEAGHAN L
  • Previous Owner : DIETRICH MARY E
  • Previous Owner 2: DIETRICH MARK S
  • Owner Before Previous Owner: EMBRY WILLIAM D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Deer Creek-Mackinaw Community Unit School District 701
  • Census Tract: 021701

Geography

  • District: 130
  • Section: 16
  • Parcel: 13-13-16-109-019
  • Lot: 106
  • Meridian: SEC 16 TWN 24N RNG 02W
  • Municipality: MACKINAW
  • Latitude: 40.5358
  • Longitude: -89.3404

    Address

  • Full Address: 507 Coventry Ln
  • Address - House Number: 507
  • Address - Street Name: Coventry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mackinaw
  • Carrier Code: R003
  • 4-Digit Zip Code: 8817
  • Zip Code: 61755

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,195
  • Tax Rate Code Area: 13002

    Appraisal Valuation

  • Standard Deviation: 0.2112
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 256,403
  • High Value: 310,579
  • Low Value: 202,227

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,975
  • First Open Lien Mortgage Lender: FORTRESS BANK
  • First Open Lien Mortgage Recording Date: Jul 30, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $180,975
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $220,380
  • Market Land Value: $27,030
  • Market Improvement Value: $193,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,460
  • Assessed Land Value: $9,010
  • Assessed Improvements Value: $64,450

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Transaction ID: 11776598918
  • Current Sale Price: $190,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202000011250
  • Previous Sale Recording Date: Sep 11, 2007
  • Previous Sale Contract Date: Aug 29, 2007
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FORTRESS BANK
  • First Mortgage Transaction Date: Jul 30, 2020
  • First Mortgage Loan Amount: $180,975
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FARMERS STATE BANK
  • Previous Mortgage Transaction Date: Sep 11, 2007
  • Previous Mortgage Loan Amount: $50,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2037

About Mackinaw



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Frequently Asked Questions

What neighborhood is 507 Coventry Lane located in?
The 507 Coventry Lane is a house located in the neighborhood of Mackinaw in Mackinaw, Mackinaw.
What is the average sales price for listings in 507 Coventry Lane?
The average sales price for units in 507 Coventry Lane is $0 currently.

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